Day-to-day analysis of GBP/USD for June 16, 2017 888011000 110888 After having a volatile day due to the BOE’s rate choice, GBP/USD started to look for hints in order to enhance the bearish bias that is being held considering that the UK elections’ results. The support zone of 1.2741 is still the line in the sand for sellers, where a. breakout should unlock to test the 1.2660 level throughout the. board. H1 chart’s resistance. levels: 1.2826/ 1.2880 H1 chart’s support levels:. 1.2741/ 1.2660 Trading recommendations for today: Based on the H1 chart,. If the GBP/USD pair breaks a bearish, sell( short )orders only. candlestick; the assistance level is at 1.2741, take revenue is at 1.2660. and stop loss is at 1.2823. The product has been supplied by InstaForex Business – www.instaforex.com

By | June 15, 2017

After having a volatile day due to the BOE’s rate decision, GBP/USD
started to look for clues in order to strengthen the bearish bias
that is being held since the UK elections’ results. The support
zone of 1.2741 is still the line in the sand for sellers, where a
breakout should open the doors to test the 1.2660 level across the
board.

GBPUSDH1.png

H1 chart’s resistance
levels: 1.2826 / 1.2880

H1 chart’s support levels:
1.2741 / 1.2660

Trading recommendations for today: Based on the H1 chart,
sell (short) orders only if the GBP/USD pair breaks a bearish
candlestick; the support level is at 1.2741, take profit is at 1.2660
and stop loss is at 1.2823.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for June 15, 2017 888011000 110888 Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was developed around 1.0500. Since then, apparent bullish momentum has actuallybeen revealed on the chart.The next everyday supply level for the EUR/USD set lies in between 1.1400-1.1520 where rate action should be expected possible bearish rejection.Recent Update: The cost levels around 1.1280-1.1295 constituted Intraday resistance where the current bearish motion was initiated.On the other hand, a bullish breakout above 1.1285 will be mandatory to permit more bullish advance towards 1.1400. Otherwise, the existing bearish pullback will probably extend to 1.1110 and 1.1000 as long as the EUR/USD set preserves trading listed below 1.1170. H4 Outlook By the end of recently, considerable bullish rejection was revealed around the rate level of 1.1170(Lower Limit of the wedge pattern in confluence with 61.8%Fibonacci Level). As expected, substantial bearish rejection was revealed around the illustrated supply level 1.1280-1.1295 (The upper limit of the wedge pattern)Today, Bearish fixation below 1.1170 (Lower limitation of the wedge pattern and 61.8% Fibonacci Level) will be needed to enhance further bearish decrease to 1.1110 and 1.1050.Trade suggestions:A legitimate SELL entry can be considered upon bearish closure listed below 1.1170 (61.8% Fibonacci Level). S/ L must be placed above 1.1230 while T/P levels ought to be positioned at 1.1100, 1.1020 and 1.0850.The material has been offered by InstaForex Business – www.instaforex.com

By | June 15, 2017

analytics594273a09b312.png

Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection.

Recent Update: The price levels around 1.1280-1.1295 constituted Intraday resistance where the current bearish movement was initiated.

On the other hand, a bullish breakout above 1.1285 will be mandatory to allow further bullish advance towards 1.1400.

Otherwise, the current bearish pullback will probably extend towards 1.1110 and 1.1000 as long as the EUR/USD pair maintains trading below 1.1170.

analytics594274c851591.png

H4 Outlook

By the end of last week, significant bullish rejection was expressed around the price level of 1.1170 (Lower Limit of the wedge pattern in confluence with 61.8% Fibonacci Level ).

As anticipated, significant bearish rejection was expressed around the depicted supply level 1.1280-1.1295 (The upper limit of the wedge pattern)

Today, Bearish fixation below 1.1170 (Lower limit of the wedge pattern and 61.8% Fibonacci Level) will be needed to enhance further bearish decline towards 1.1110 and 1.1050.

Trade recommendations:

A valid SELL entry can be considered upon bearish closure below 1.1170 (61.8% Fibonacci Level).

S/L should be placed above 1.1230 while T/P levels should be placed at 1.1100, 1.1020 and 1.0850.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

GBP/USD analysis for June 15, 2017 888011000 110888 Just recently, the GBP/USD has been trading downwards. The priced surged up and checked the level of 1.2795. Inning accordance with the 30M time frame, I discovered climatic action and screening of H3(Camarilla resistance), which is an indication that buying looks risky. My suggestions is to look for selling chances. The downward targets areset at the price of1.2728 and 1.2700. Resistance levels: R1: 1.2800 R2: 1.2860 R3: 1.2900 Assistance levels: S1: 1.2710 S2: 1.2650 S3: 1.2615 Trading suggestions for today: watch for prospective selling opportunities.The product has actually been supplied by InstaForex Company-www.instaforex.com

By | June 15, 2017

analytics594270865bfb1.png

Recently, the GBP/USD has been trading downwards. The priced spiked up and tested the level of 1.2795. According to the 30M time frame, I found climatic action and testing of H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2728 and 1.2700.

Resistance levels:

R1: 1.2800

R2: 1.2860

R3: 1.2900

Support levels:

S1: 1.2710

S2: 1.2650

S3: 1.2615

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of NZD/USD for June 15, 2017 888011000 110888 Overview: The NZD/USD pair continues to move upwards from the level of 0.7205. Currently rate is seen at the level of 0.7205. As long as the pattern is above this level, the market is still in an uptrend. In addition, the pattern is still strong above the moving average(100). The NZD/USD pair didn’t make any substantial movements today. The marketplace is suggesting a bullish opportunity above the discussed support levels. The bullish outlook remains legitimate as long as the 100 EMA is visited the benefit. Strong support will be found around the spot of 0.7159-0.7205 providing a clear signal to purchase with a target seen at 0.7250. If the trend breaks the very first resistance at 0.7250, the pair will move up-wards continuing the bullish trend development to the level of 0.7305 in order to test the day-to-day resistance 2. Besides, it must be kept in mind that the significant resistance is seen at 0.7344 on the H4 chart. If the NZD/USD set is successful to break through the assistancelevel of 0.7122 today, the market will decline even more to 0.7057 . It is recommended to set your stop loss at 0.7122. The materialhas actually been provided by InstaForex Company-www.instaforex.com

By | June 15, 2017

NZDUSDH4.png

Overview:

  • The NZD/USD pair continues to move upwards from the level of 0.7205.
  • Currently price is seen at the level of 0.7205.
    As long as the trend is above this level, the market is still in an uptrend.
  • In addition, the trend is still strong above the moving average (100). The NZD/USD pair didn’t make any significant movements this week.
  • The market is indicating a bullish opportunity above the mentioned support levels. The bullish outlook remains valid as long as the 100 EMA is headed to the upside.
  • Therefore, strong support will be found around the spot of 0.7159-0.7205 providing a clear signal to buy with a target seen at 0.7250. If the trend breaks the first resistance at 0.7250, the pair will move upwards continuing the bullish trend development to the level of 0.7305 in order to test the daily resistance 2.
  • Besides, it should be noted that the major resistance is seen at 0.7344 on the H4 chart. However, if the NZD/USD pair succeeds to break through the support level of 0.7122 today, the market will decline further to 0.7057. It is recommended to set your stop loss at 0.7122.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Fxwirepro: Kiwi falls on the Back of Lower Than expected Gdp Data, Australia’s Employment Data in Focus

By | June 15, 2017
  • AUD/NZD is currently trading around 1.0469 marks.  
  • Pair made intraday high at 1.0483 and low at 1.0427 marks.  
  • Intraday bias remains bullish till the time pair holds key support at 1.0437 marks.   
  • A daily close below 1.0437 will take the parity down towards key supports around 1.0391 and 1.0326 marks respectively.  
  • On the other side, a sustained close above 1.0437 will drag the parity higher towards key resistances at 1.0516/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.  
  • New Zealand released GDP data with negative numbers at 0.5 pct q/q vs 0.7 pct poll (previous 0.4 pct).  
  • Australia will release employment data at 0130 GMT.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander